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We are excited to share that News18 has featured our Director, Mr Anuj Garg views on Budget 2025 in the article titled Budget 2025 Expectations. Article published in new18 given hereunder along with link to access the same on news18 website. We would love for you to take a moment to read it. Your thoughts and feedback would mean a lot for us.
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Budget 2025 Expectations: Rs 10 Lakh Tax Rebate, Rs 2.5 Lakh Mutual Fund LTCG Exemption
Reported By : Namit Singh Sengar News18.com
Budget 2025 Expectations Income Tax: As Budget 2025 approaches, taxpayers and the business community alike are anticipating key reforms aimed at enhancing financial relief and simplifying the tax system. According to CA Anuj Garg, Director – Taxation at AHSG & Co LLP, the upcoming budget could bring much-needed relief to individual taxpayers and promote the growth of start-up companies in India.
Raising the Minimum Slab Rate for Taxpayers
One of the major recommendations put forth by Garg is to increase the minimum slab rate for individual taxpayers under the new tax regime. At present, individuals with annual income up to Rs. 3 lakh do not pay any tax, but Garg believes this limit should be raised to Rs. 5 lakh. This step, he suggests, would provide immediate relief to middle-income taxpayers, stimulating consumption and boosting economic activity.
Enhancing Rebate for Lower – Income Taxpayers
Currently, taxpayers with income up to Rs. 7.5 lakh who opt for the new tax regime enjoy a 100% rebate. Garg advocates raising this rebate limit to Rs. 10 lakh, extending this benefit to a larger section of the population and enhancing disposable income for lower and middle-income earners.
Revised Exemption Limit for Long-Term Capital Gains
Another key recommendation focuses on the taxation of Long-Term Capital Gains (LTCG) arising from the sale of equity shares, equity-oriented mutual funds, and similar assets. Garg proposes raising the exemption limit from Rs. 1 lakh to Rs. 2-2.5 lakh. This change, he argues, would incentivize equity investments and provide much-needed encouragement to the country’s capital markets, which have seen fluctuating participation in recent years.
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